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nation. this is what happens when the government fears contagion. it starts doing naughty things. this is limiting how much those folks can take out once they can get out the money. it is enacting sweeping measures that are raising eyebrows wodwide. banks rethinking even being there. paying customers wanting to get out of there. it is a mess. in these next 72 hours, cyprus officials are very lia. they a working overtime to contain this mess. let me put it this way. cyprus is no longer an island. cyprus is a tsunami. it scares me customers worldwide. that is what they are hoping to avoid this weekend. it depends on whether they deal with this. going to john brown, and our own nicole petallides on whether they can and will. nicole knows of what she speaks. her parents are from cyprus and she has visited there many times or so. these are wholly time >> i am so glad that you're painting it in the proper way. this is .2% of europe's gdp. it is a small island and it is being menial to so many. but it paints picture of what is going on there. which is catastrophic. you go in there and
were today. a familiar budget plan, the nuts and bolts programs of the government. it is cruising for passage in the tea party flavored house. wow, that is supposed to be a news piece. the law undreamt line of what was supposed to be a tax piece. it restores many of the cruel automatic spending cuts. all is missing is a line like thank god for the democrats. then it was also considered a cheese head. it starts out fair and factual enough. under the rhine plan, the government subsidizes it. the only famous unnamed critics who say all of this would mean ever shocking. he is heartless and soulless and probably the double in pinstripes. it is one thing when they say it was all but a sham. it is another thing for them to prove that it is an even bigger sham. they are darn near inbred watching politicians who continue to say that we don't have a spending problem. and one that is only trying slow down the growth of the spending. fair and balanced. try over and out. dick armey says that he is over the top of the house of representatives. i am not saying give republicans a pass. i am sayin
liberal's dream that government seizing your money out right, there is nothing you can do about it. now no cyprus they could find out the hard way, this tiny island nation sent a tsunami shockwave to the rest of the world, keeping the banks closed until they find a more palatable way to. welcome i am neil cavuto, you got 10 grand in a bank account. how about waking up tomorrow morning and then finding a thousand bucks missing, right off the top, does that sound over the top? in cyprus that is reason that thousands of bankustomers are blowing their talk, with talk of a 10% tax on deposit the money, has a lot of angry customers storming the atm machines but the government has closed banks to avid a bank run, a keeping them close until they sort this out, but the tax is till coming. for cyprus it is about the cost of staying in the euro club, never mind how average i citizes there are getting club. but this is about taxing assets there. something with which we should all be very familiar here. no uncle sam has not hacked into our bank accounts -- yet, but he made a b-line for our other ass
contracts? if they agree what business is a the government to interfere? >> the also got 14 year-old son of the cold wind. there has to be appointed. >> this is the 21st century. john: if you volunteer is that freedom? >> i grabbed as a liberal in the '60s now i am a libertarian democrats these to be press secretary because i in understand the argument how we exploit workers of the world that they need to have the backing of the government demand john pay his interns but these people are not so stupid they cannot decide if they are exploited. it is a contract that is understood. >> no coercive power is used it as a libertarian stream -- dream. john: the obama labor department can now with the explicit rules if you don't pay them there is criteria. the employer derives no immediate advantage. [laughter] on occasion the operations must be impeded? i had in turn to impede did my work i tried to get rid of them. >> if fox wanted you to do a news show and said do it underpaid and then we throw use and academic credit then we will decide. would you except that? john: maybe not at this point* i
. the cypriot government says the country's parliament is unlikely to pass legislation which would impose a tax on bank deposits. lawmakers are set to meet and vote on the levy which has been set on a condition of the eu bailout. meanwhi meanwhile, the german finance minister has rushed to the defense of a highly unpopular tax. the move was necessary to keep cyprus from sharing in the burden of a eu bailout. and uncertainty over the outcome of the vote in nicosia continues to weigh on markets. cyprus said its stock exchange will trading until thursday. cypriot banks have been placed on negative watch. carolin roth is reporting now for us. the latest we're hearing is that the vote may not happen today. what can you tell us? >> absolutely. there are a lot of moving parts still, kelly. this is a very fluid situation. the vote is scheduled to happen at 6:00 p.m. local time. there has been no official cancellation on part of the government. but, again, a government spokesperson at the same time also saying that it's very unlikely at this point that the vote will actually go through. that is, of cour
the deficit? paul ryan says no. >> at least budgets are passing around here for a change. the government's going to have to learn to do more with less, it's not the government's money, it's the people's money. >> the senate democrats are considering a number of balances ever-- >> and house committee chair paul ryan telling us republicans and democrats are still world's apart. well, that is an understatement. we saw that just an hour ago. the democratic-led senate defeating the ryan house budget 40-59. so is there any hope left? here is congressman paul ryan. >> great to see you. >> great it to see you again. >> greta: i want to talk about the budget that passed today, i imagine you're happy. >> we're very happy. we passed a balanced budget and it's important we owe the country a reasonable plan and grows the economy. balancing the budget is not just a statistical exercise it's the necessary means to a healthier economy, it creates more jobs and helps people keep more of hard earned money and a contrast to the other budgets that are passing. at least budgets are passing here for a change,
to suing the very government ta bailed his firm out, if you wondered, what about bob? tonight is your chance to hear from bob. on that suit and whether he is in. man many argue is at center of it or not, robert ben mo shea coming up. before that. forget about digging out. on this spending thing washington is digging in. welcome i'm neil cavuto it is one thing for nancy pelosi to say we don't have a spending problem for the president to say there is really no great urgency to balancing the budget or harry reid saying there is no rush too deal with entitlements this year. but for house democrat to double down on spending stupid by pushing more stupid spending, well, you got to wonder. but this is true, they want more stimulus about $200 million more, who can blame them, clearly none of their leaders are trying to stop them or remotely discourage them. and members of pear are not block -- of their party are not exactly blocking them. i don't think their intention was to encourage this. they run for a immediate nicotine spending rush any time they can get it, they d got it,n them for push
to shut down the government, when it was shut down for three weeks when newt gingrich was trying to control bill clinton and his spending, and he is giving up his card. when boehner says we don't have an immediate dead crisis he is giving up his cards. he doesn't want to actually do something about this but likes being speaker. >> neil: they're looking at the next -- the end of this month we're facing yet another potential crisis. they're going to argue that the government could shut down. and this is their attempt to say, we won't brick -- bring it to that pranksmanship because we don't want it on our door step we caused it. but it's going to boomerang on them. they retook the upper hand and now they're giving it away. >> exactly right. sequestration was passed a year and a half ago, part of the plan a year and a half ago. all the republicans had to do is keep their mouth shut and stay out of the way. thank god they did that. here we go again. if they're not going to stand up now, to obama, and this absolute mindless spending, and borrowing and printing, then i have to say, neil
a european government is he seizing the private welt alth of citizens. but it has. we've had two terrific weeks and a pullback on friday, but two terrific weeks that took the dow to 14,500. we're expect the market will come down in the first minutes of business today. down maybe 80, 90 points because of the cyprus situation. whoever thought that we'd be sitting here seeing an obscure island in the mediterranean affect our money so sharply. opening trend is indeed down. here we go, they're opening up the stocks and the dow is now down 48, 50 points, 14,400 we're back to now. and get to individual stocks, three big names and now them, apple, blackberry, boeing, all went up last week and i want to start with apple. according to a new analyst survey, apple set to raise its dividend by maybe more than 50%. it doesn't make any difference, it's down two bucks this morning. now, our partners in all things digital reporting that the blackberry chief told an australia newspaper that the iphone is past its prime. it doesn't make any difference, blackberry is down this morning and boeing's rival airb
's the principle here. the principle is that the government has come in trying to take over one-sixth of the economy in order to be able to gain control of our lives, and of course it's going to be a mess. what does the government do that is good when it starts interfering with our lives? there are functions for the government. they need to remember what those things are and leave the rest of us alone. >> neil: what they discovered, as you warned -- this is prior to your prayer breakfast meet and greet with the president -- that all of a sudden the goodies would be showcased up front. the problems would be later. the goodies were fewer, the problems many more, and the cost of this potentially much, much hire than the thought. how is all of this rolling out now? >> well, of course the reason that it was done in secret, rather than in a transparent manner in which it was supposed to have been done, is because there are so many bad parts of it. there's so many obligations so many new taxes associated with it. it's incredibly expense simple. it was supposed to lower the cost. it has
has already used weapons of mass murder. >> the rebels say the government unleashed the chemical weapons. the regime leaders claim they are the real victims here. now, an international investigation into a possible crime against humanity. the apollo rockets brought mankind to the moon. but the rocketd engines fell back to earth. tonight, the mission to recover them from the ocean depth. and animal abuse caught on camera. now, a beach closed down because of what workers saw these women doing to some seals. with or without food. my doctor recommends citracal maximum. it's all about absorption. ♪reflective guitar♪ tony stewart: time teaches you things. you learn to look up to people with the courage to do what they love. that it's more than just a living, it's life. and in that time i've found that's the difference between leaders and everyone else. you'll have to pay five hundred bucks for your deductible. the truth? at allstate, you could pay zero. allstate gives you a hundred dollars off your deductible the day you sign up. then another hundred off every year you don't have a
signature. these are democrats. this is their idea of government. everybody in the country needs to be paying attention to what the democrats and in some cases a handful of republins are doing. at a time when we should be talking about transparency on the issues of our time. we are simply being brushed aside by imperious and elitist government. just a few days later, lawmakers admitted they were adopting law enforcement officers. imagine not. a month later, they said they wanted to use banned assault weapons. earlier this week, governor cuomo admitted that he had to amend the law. because it bans the sale of this. they didn't even think about that. the idiocy of the whole process is astounding. new report out today saying that governor cuomo is trying to lure the "tonight show" back to manhattan. that is riht, nbc with thre shows is trying to, well, basically dump the host of one of their three winning shows. these are brilliant people. right and to get the show back to manhattan providing 30 percent tax break if it decides t leave to caper but it is no secret that cuomo likes ho
into the sea of japan today as the bellicose rhetoric of threats from the dprk government intensified. the defense secretary ordered missile defense on the west coast to be reinforced. fourteen additional icbm@ interceptors readied for use if needed. at the state department is finally revealing the number of americans who were in a line of fire during the benghazi terrorist attack. and the extent of those injured. six months after the september 11th attack. the latest for you. tonight we begin with the end of the wall street winning streak. the dow jones industrials finishing in the red today after posting a string of eight consecutive record high closes. ten consecutive winning sessions for the dow. the dow dropping 25 points today. the s&p lost two and a half. the nasdaq fell nine points. but for the week, all three indexes posted gains. the dow jones industrial of 117 points since the opening bell monday. the s&p picking up nine and a half, the nasdaq up five. the wilshire 5,000 measuring the paper gains for the entire market for the week at $1,205,000,000,000. and the total market
have been down. i don't know if you want the government to tell the cruise ships what they should be doing, they will be losing ticket sales if they don't get their act together with the cruise ship. >> at the same time if this is going to take affect out ask you have a citizens bill of rights protecting us all from chuck schumer. what about that? no more sunday press conferences, and that ought to make him mandatory in the first one to sail on the new carnival triumph once it is ready. melissa: he would go and test out the ships to see if they work before we go out there. that is what i want you to do, go test the ship for us. i love it, let's end on that one. we will see you back here tomorrow. here comes "the willis report." gerri: hello, everyone. tonight on "the willis report." shock waves in the market, cyprus looks to move two sees money in the bank accounts they can pay their debt. could that happen here? and people who cannot pay and penalizing those who do pay. an actual plan being drawn up, and a new business boom with a royal twist, the rush to get kate middleton. "the
-fulfilling prophesy. keep buying on the dip. >> there's one other entity that makes it happen and our government is trying to make it happen. the wealth factor, winning to buy, a lot of bonds every month and those situations, make it a self-fulfilling prophesy and keep driving the market higher and higher. charles: and today the fed gets together and i guess the assumption the printing keeps going? >> no question about it. a market and economy dependent, i guess, but absolutely, they're going to keep printing until they feel they don't have to anymore which is probably a long time away from now. charles: buying the dips, thanks a lot, larry. that's by the way the opening bell, and the markets are ringing, the futures have been up all morning long and let's check the big board. dow up 29 points and ticking away. and the market is up and fedex we talk about that being something of a proxy for the economy. and they reported the numbers this morning and the profits were lower, and maybe people are buying or not shipping as much of the certainly we want to find out what's going on. let's go to nicole
a government shut down. congressman marlon strops men of inana joins us here to talk about the budget and the second amendment. the chinese nationals suspected of espionage and nasa has his day in court. the latest is that trial enters its 305th day. attorney state jenkins joins us. joining us now to discuss what geopolitical approach the united states should be pursuing and what we should be paying atntion to, obama's claman a piece is the only path to true security. of course, objective of against iran syria benjamin netanyahu and the ceo of ge be international. a fox use digital politics editor. gentlemen,hank you for being with us. if i may, i want to start with you. benjamin nanyahu could not have been too pleased with whoever else happened. president obama was speaking rather aggressively to the oplef israel over the head of benjamin netanyahu. >> well, a lot of these visits are public diplomacy. i will say that based upon what the president haaaid over the past few days there is a hopeful be in this cynical me. i hope that the president has been seen as of late both the nsa int
the threat of a government shutdown next week. not shutting down the whole federal government used to be the kind of thing you could reasonably expect from your congress, the kind of thing they get done as a matter of course. under house speaker john boehner, not shutting down the government has become a notable achievement for this congress. mazel tov on that. a low bar. >>> house republicans also voted today again for the paul ryan budget. democrats are very excited about that because they plan to use that vote against republicans in campaign ads for the next election. we have the one and only ezra klein here momentarily to sort out what's important about what they just voted on in congress and whether we just avoided one of the cliff slash ceilings clash crisis congress now schedules for us every few weeks and whether the way they avoided this next one is itself important. there's a lot going on in the news. we have a lot ahead. we begin tonight with late breaking and rather surprising news from the democratic leader in the senate, senator harry reid. following two days of angry
. this is "special report." ♪ ♪ >> bret: good evening. i'm bret baier. from the israeli government perspective, a country living with the threat of a nuclear iran possibly. president obama said the right things. during his visit about making sure iran does not get a nuclear weapon. at least one israeli leader is convinced if push comes to shove and military action is needed, the u.s. will be right alongside israel. amid the talk of war, though, the president is also pushing for peace between israelis and palestinians. that effort take a different tone on a specific issue today. chief white house correspondent ed henry is traveling with the president and reports from jerusalem. >> president obama spent a second day in jerusalem showing he is mending fences with israeli leaders to get upclose look at the dead sea scrolls and later trying to go around the leaders to appeal to the young people of israel to talk up peace. >> look to a future in which jews and muslims and christians can all live in peace and greater prosperity in this holy land. >> while also holding out the threat of war. again, vo
? there are regulators here, does not like the government isn't assigned to monitor this. >> in 2007 the cdc found these smaller companies have less stringent regulations and lower quality control. there is no doubt this is a major problem that has to be addressed. gerri: you are right in the middle of this. >> i try not to take medications from the smaller pharmaceutical companies, or try to find out where they are coming from and i refuse medication for my compounding company and wait until we can get it from a major company. pity they should be required to get involved and take a load off of some of these companies with less stringe requirements. gerri: i used to be more popula now they are less popular, growing yet again. now we have 17 state laws making eir way through state legislatures to answer to this question, but that can take a long time. what do you recommend consumers to do right now? >> they have to basically check with their doctors, check whether hospitals and see if they can checkout. start raising the questions now. gerri: thank you for coming on. i appreciate your time, thank y
in limited government and more individual liberty. >> sean: well, then that raises the question when you look at, say, paul ryan's budget versus the democrats they never get into balance. paul ryan saying he can balance it in ten years and increase spending, growth, 3.4% a year. is that conservative enough for you? >> well, we're tugging him in the right direction. last year, you know, my budget balanced in five years. mike lee had a budget that balanced in five years and paul ryan's budget was 28 years to get to balance. this year it's in ten so i think he's coming in the right direction. now, he does things a little bit different and i'm not saying i'm that critical. he tries to bend the curve of spending to slow down the rate of growth. what i say certain things shouldn't be done in washington. department of education i'd send it back to the states. that's what reagan said, what the republican party said. i'm one of the few who would dismantle some of the big bad things in washington and just say, that should remain with the states and the people. that's the only way you'll ever shrink the
? and the u.s. government spent more than a million dollars on aviation towers just a few years ago and now they're being closed. we're going to tell you why. that does not add up. >>> let's go "outfront." >> good evening, everyone. we have breaking news. the denver police say evan eiber, a former colorado inmate and member of a white supremacist gang is linked to the murder of colorado state prison chief tom clemens. we are just getting new information in tonight from court documents filed in texas. investigators say that the shell casings found in his car matched the caliber of weapon used to kill clemens and matched the brand of the casings as well. now here's what we know about eibel. he is 20 years old. he was member of a white supremacist group. once you join, the only way out of that gang is death. he was killed after a high speed chase in texas last night. we have a reporter in colorado right now on who evan eibel is. first, i want to get to jeff krayemer from the el paso county sheriff's department. lieutenant, thanks for taking the time. let's get straight to this breaking news we
government spending in the midst of a weak recovery is not a path towards growth. but i have also argued that america does have a debt and deficit problem and we need to take it very seriously. the fact is, the vast majority of our debt problems relate to the costs of health care in america. now that the debate over obama care is over, we should start thinking about how to get america's health care costs under control. as it turns out, two new works, a book and a magazine cover story provide some very useful ways to think about it. the central debate between democrats and republicans is over whether the free market works well in health care. in a new book, catastrophic care, david goldhill makes the case for the market arguing that people need to become consumers of health care so that they, not insurance companies, not the government, actually see, feel and pay the bills. that will force producers of health care, doctors and hospitals, to push down prices and drive up quality. that's what happens with groceries and television sets and computers. lasiks surgery which is not covered by he
of cyprus rushing to pull money out of the banks and atms at as nation's governments weighs a new bank account tax. there would be a 3% tax for deposits under $100 thousand euros, and a 10% tax and 15% tax for amounts larger than 500,000 euros, country central bank declaring a holiday until thursday, when they vote on the plan, this is sparking investor fears at home, joining me now lance roberts, host of street talk live, and xena. partner and cfa, welcome all, great to have you here, lance, i'll start with you, i have to assume some wealthy individuals are having questions about safety of their money, have you gotten any calls, are you expecting any? >> i'm not expecting any but i would not be surprised to see people talk more about this in next few days it is very late tonight anyway it looks like they will preserve the under $100 thousand mark and go after larger deposits, but the question, here in u.s., could it happen here? probably not. but the question is, ha hasn't t already happenith standpoint feds suppressing interest rates, that is the rate less than inflation, negative in
works towards a nuclear weapon. and as we try to determine whether the government of syria has already deployed chemical weapons against its own people. because, in the words of our president, that would be a game changer. >> we have to make sure that we know exactly what happened, what was the nature of the incident, that what can we document? what can we prove. i have instructed my teams to work closely with all of the countries in the region and international organizations and institutions. to find out precisely whether or not this red line was crossed. >> shepard: talk of syria dominated much of the president's news conference in jerusalem this afternoon. he spoke alongside benjamin netanyahu. just a day after both the syrian regime and the syrian rebels accused each other of deploying chemical weapons. now, so far u.s. officials say they have no evidence that those accusations are true on either side. but president obama says he is deeply skeptical that of any claim that the opposition rebels used chemical weapons at all. he did not say the same of the syrian regime. we have team
the budget because the only way you really can make an impact on government is by understanding the budget. and for this president to be in office for five years, not be able to get a budget done on time, really tells us that he has no interest in our economy, he has no real interest in straightening out our budget problems. i don't know what his priorities are, but they certainly aren't straightening out the tremendous debt that we've accumulated under his presidency. >> greta: and the senate should note that other presidents should know that other presidents have been late, but this is the first time the president didn't get the budget before the house and senate and we waited and supposed to get it early april, but maybe. mayor, listen to this the national debt we all owe stands at more than 16 trillion dollars, so are president obama and speaker of the house, john boehner, both in denial or are they drinking the same stuff? >> i think it's important to recognize is that we've already cut 2.5, 2.7 trillion dollars out of the deficit. if the sequester stays in you've got over 3 1/2 trill
out with big gdp figures but i don't believe those figures because they come from the government but when you hear specifics from caterpillar saying they have had a drop of 26% in slowdown of sales in china seems to me to indicate a slowdown over in china. >> well, that is exactly what everybody is waiting to hear about. those infrastructure plays, the material plays are so critical. you kind of had a tippoff when you started looking at some of the industrial metal activity especially copper. that is one of the those little canaries in the coal mine as you saw it there could be a pullback and going into earnings announcements with names like caterpillar. there was a little bit of a flag that said, hey, we could be seeing some misses. david: thanks, joe. lauren: thank you so much. stay with us. we'll come back to you when the s&p futures close. david: let us bring in our market panel. we have brian gendreau and guy labad. thank you, gentlemen. good to see you. brian, i want to go to you first. you have background in the federal reserve yourself. what ben bernanke seemed to be tell
, a new report for the government. and absolutely slams freddy mack. why? >> troubling reports concerning freddie mac, inspector general of the federal housing finance agency, saying they aren't doing such a good job of working out complaints from homeowners. they found that freddie's eight biggest servicers resolved more than 25,000 complaints. that sounds great, but they failed to take care of more than 20% of them in the required 30-day window. that's even after they moved the case up the chain of command. a huge problem, when it comes to serious complaints like servicing fraud and improper foreclosures, what it means, people could potentially lose their homes while these services are twiddling their thumbs on cases. the report it found that four of freddie servicers never reported any cases in this period, even though they handled more than 20,000 of them, so this watchdog agency put out recommendations. we'll see if those recommendations go anywhere. carol. >> alison kosik live from the new york stock exchange. >>> a little politics/entertainment. a fresh dose of sarah palin when she
is not showing up. romney went to the napc convention. the problem is which way we're going to govern and when they are saying tax cuts for the wealthy, cut everything that middle class and poor people need, let's protect private business but big government and government, period, needs to be reduced, the direction of the country is ultimately where voters are smart enough to see which way they want to he sue the country go. >> i think melissa is right. we always underestimate the importance of policy and underestimate everything else, whether charisma is the way somebody parts their hair and the republicans have lost ground among minority, among latinos, african-americans, among working class whites. five million working class whites did not vote in the last election because they were turned off by the mitt romney 47% and the republicans have sort of displayed an attitude towards government that was reflected in that and in the idea that people who may need government help at some point in their lives are moochers or takers. people hear that stuff and say, we can't vote for them. they haven't
: right now to the top story. efforts here at home to make sure our government is never able to raise the private savings of private retirement accounts of americans. saying congress shouldn't even consider any kind of tax or sees sure of deposits. if approved it could give everyone in the country a bit of relief. basically insuring what is being proposed in cyprus really can not happen here. joining me with details is the cosponsor of the resolution, republican congressman tom coal from oklahoma. congressman, thanks for coming on the show. >> thank you. melissa: do we really need a resolution to protect us from this? is there a danger this would happen, do you think? >> people in cyprus probably thought the same thing a couple days before it happened. do we really need to worry about this? i think we ought to make sure. and look, i don't think it would happen, i will be honest with you. i think, most of our regulators understand how counter productive this is, how it will destroy confidence. it will give people not to put money in safe places like banks. but we ought to reassure peop
's a holiday here on monday. that would give the government five more days to either get money out of russia or come up with some other way to solve the math here. remember when the end game is. this country asked for 17 billion euros from other european countries and they said we're not going to give you that much. we'll only give you 10 billion euros. we'll help you out with recapitalizing the banks but you guys have to come up with nearly 6 billion on your own and really the only place to get it is in deposits. we saw the parliament reject that last night. here's the one piece of insight that i can give you since being on the ground here. overseas everyone was aghast that would try to tax insured deposits. the vast majority of the cypriots we talk to are aghast at the concept of taxing any deposits even the wealthy. they see it as an attack on the business model of the country. and they don't want that to happen. where do you come up with the money is the question? guys, back to you. >> so many different angles as we go on. they'll take an american credit card. you're using credit cards a
threat that the u.s. government could come after our private bank deposits? yes, i do. they may not confiscate it as cyprus tried to do however there are plenty of ways to get at it. taxes, you're forced to invest in government securities and under the guise of the financial systems, yes, it's a valid concern and the bank defenders will not acknowledge it u and we've got the dow up 39, 40 points at the moment, a shrug from the stock market at the moment. >> yes, it is. stuart: you think this has no impact on the stock market, more on gold and banking stocks, you think? >> i think so, again, what it does, it calls into question the integrity of the financial community and that's what central bankers and legislators fear most. it's not the markets themselves, it's fear of the market and fear of stability because that is what drives confidence and one thing that bernanke can't afford to lose right now. stuart: here is what i think might happen. a no vote, the russians step in, europe says we can't have russia, and they step in. >> i think a power play and progression of events, but
for watching us tonight. will the federal government begin stealing our money? that is the subject of this evening's talking points memo. you may have heard that the small country of cyprus in the mediterranean totally broke. and one proposal from the cyprus government was to forcibly, forcibly take money out of personal bank accounts on the island, steal it from the folks. steal it to pay their bills. now the outcry was immediate and it will not happen but the lesson is important for americans. greece, italy, spain, portugal, island, now cyprus all broke. and other european nations are close. why? because they are nanny states. and they there are not enough workers to support all the entitlements these progressive paradises are handing out. enter the congressional progressive caucus right here in the u.s.a. it contains 73 members all of them democrats except the socialist bernie sanders from vermont who is independent. the cpc wants a 49% federal income tax rate on top earners. they want half. and they don't want many deductions for those folks. also the congressional progressive
to chemical agents. whether it's propaganda on the part of the rebels or the part of the government, it appears to me, as a person who understands what the results of a chemical weapons exposure would be, there's nothing in the footage that-- >> what about the reporter, chlorine smell and 31 dead? >> certainly would not want to take anything from our colleagues, reporters from reuters or anybody else, but the bottom line, when a large, like a warhead or a scud goes off you smell ammonia gas and you might smell something that smells like chlorine, that's the consequences of the explosion. again, i don't see any evidence. >> sean: fair enough. i think that's important. >> or chemical agents. >> sean: let's look at the bigger picture though. and north korea, china, iran. >> i'm with you. >> sean: russia. >> go ahead, i don't want to run out of time on this, here is the bottom line, if we wanted to stop the north koreans from being able to build nuclear weapons and the means of delivering them and the iranians from getting their hands on the same technology, we could do it. we have neve
approved legislation to fund the government through the end of september. that avoids the risk of a partial federal shutdown. in the process, they are on spring break for a couple weeks. what's your take on this? >> my take is the whole financial dysfunction of our congress is mind blowing. you look at this week. let's say frederick, maryland, where there's air traffic control that will be shut. a tower that was built and refurbished by the stimulus money. so stimulus money went into this tower. the government saying it's a priority. and the the government because of its dysfunction saying we have to shut is down. that's a perfect representation, i think, of how washington is not doing its job. we can't even pass a budget. it can't even run the books. there's no strategy. when you look at some of the forced spending cuts, you see exactly a lack of strategy in american finances. that's a real problem. >> complaining about this for months. when i say fedex, you probably think of the guys coming to deliver a package. what you should think about is fedex as a gauge of the global economy. fedex
and speaker boehner think otherwise. only 4% said not a problem. and 85% said the federal government should balance the budget just like the average american family. and when asked about the economy, 65% said they have a nervous feeling about the future. only 28% expressed some confidence. but it doesn't seem like washington is listening to all of this. still no budget from the president, spending keeps going up. don't worry though, ben bernanke, as he said yesterday will keep printing. he didn't say in so many words, but he's going to keep printing and the markets are rallying on that news. so we have news this morning on cyprus, it may nationalize private pension money and also, look at this, please. an illegal pot business, that's booming in colorado and washington state and some call it the modern gold rush. coming up at 10:45 this morning, one woman who is cashing in big. her nickname is the martha stewart of marijuana, what she calls herself pushing herself into the legal weed business. that's coming up in our next hour. here we go, markets open in just a couple of minutes. will we hi
. trying to come to terms on keeping the government running. they want to get out of town. connell: one of berkshire hathaway's is here with us. dagen: twitter. seven years old today. happy birthday. connell: happy birthday, twitter. we have the money story behind the games and how it is torn apart. those stories and a whole lot more coming up on "markets now." ♪ dagen: it would also be one of the most famous racecar drivers birthdays of all time. it is top of the hour. nicole petallides is on the floor of the new york stock exchange. nicole: i have to tell you, the markets are pulling back. we hit a record all-time high on the dow jones industrials. only to see us pulling back today once again. the dollar remained higher today. the nasdaq remains down .8%. the dow and s&p are down about .5%. yesterday, we saw a broad-based gains. most of the names were higher. today, we are seeing much of the same. it is the other way around. most of the dow components are lower. ibm, hewlett-packard, intel, a lot of the attack names are leading the way to the downside. connell: going to breaking new
of a compromise before the deadline march 27 to avoid having a government shutdown. dagen: rich edson with the latest. rich: a number of different budget pieces coming into play on capitol hill. congress has to pass a spending measure a week from today. if they don't do that, the government shuts down. we can expect perhaps maybe by this evening the senate will do that and send that back over to the house. congress is set to go to congress next week so they have to get this done to avoid the government shutdown. the house has a budget, the senate has one, the fiscal year starts on october 1 to the ideas the house and senate will pass their budget in the next coming weeks and perhaps in the next coming years we could actually have a budget conference. negotiating one entire budget for the federal government was still working on the same old partisan divide. >> we are all concerned about the impact of the budget cuts. they are senseless and they are ridiculous, we should do away with them. >> the plan we're seeing from the democratic leadership is a failed plan for america. it does not
of the challenges he's facing putting together his new government and obama basically said, well, talk to me about it. look what my problems on capitol hill are, and netanyahu said, yeah, but we have more moving parts over here, parts in our country don't move at all, that's the problem. >> i had my doubts about whether or not he was going to shift netanyahu's opinion on him. i felt that from the -- remember that photototof netanyahu and obama sitting on the couch in the white house? >> the oval office. >> do you remember that? >> sure. being lectured. >> the whole body posture and so forth. but some of the video emerging from this trip is so authentic and even the words of netanyahu describing obama and what he means, what obama means to him in this relationship. a true friend. it was very authentic. >> yes, i think it was. and i think they did have, for the first time really, the kind of environment and personal contact within that environment that made this all possible, and they all both know, and certainly they know how important a good personal relationship is on an issue as complicated and
with you with the analogy. thanks so much. >> thank you so much. >> markets in the red as cypress governs pushing the vote on a bailout by another day, and the next guest says it's no agree. this is an isolated incident in a country so small with a very small limited economic output it went have an impact. joining us now is paul, president of heritage capital, and, paul, great to have you on the program. i know you heard phil's report on how the commodities markets react, and, yesterday, it seemed like investors were nervous, then calm, and, perhaps today they are nervous because maybe it's not just an isolated incident. maybe there will be a ripple effect more than anticipated. is it time? can you put it in the rearview mirror? >> we heard from the -- the last couple years, whatever it takes, they save the euro. whatever it takes. they are not going to have to load a revolver to save cypress, if they even want to. i think cypress is a one often. there's a lot of air in the markets. up roughly 10% on the year in equity, so, of course, any possible reason to pull some profits off the table
, you're buying a bet that is secure, as we saw the government took some of that away in the financial crisis here in the u.s., the backdrop of our racing a little? >> it certainly shows up in the various qualitative measures that are in here when you ask about how secure is the credit structure, shows up in those measures and the u.s. dropped. david: finally, i assume if they eventually go ahead and confiscate the bank deposits we would at least be above them, am i correct? >> we would be above them, they would drop substantially. david: great to see you, regulations on the report. lauren: sometimes the road to opportunity takes you through other countries. up next, focusing even deeper into the emerging market and the publicly traded companies that stand to make money off of them, money you could be making. stay with us. investor. yeah, i'm a serious investor but i'm busy guy. it used to be easier but now there are more choices than ever. i want to know exactly wh i am investing in. i want to know exactly how much i'm paying. i want to use the same uff the big guys use. find out why
a solidarity, allowing the government to have power to impose capital controls on the big banks. while worried residents are lining up at atms. joining me now to help me with these developments is leadership for euro pacific capital. let me just start off the bat and ask you, the country has agreed to this solidarity funds. but i can't quite tell if this is the solution that the eu wants. could make good on the threat to kick out cypress? >> anything is possible. you know, i think the outrage over this deposit tax is about the honesty of the approach. if youthink about it, citizens around the world suffer from that tax. in the united states, how long have we had 0 #% interest rates in the united states? how much money have savers lost who keep money in the bank because they have not received interest on deposits all these years? what about prices? because the federal reserve does quantitative eang, food rices go up, gas prices up, and deposits lose value. at least with the tax in cypress, it was more honest. the government up front saying we're going to take your money. we're doing it secretly
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